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Dalian Commodity Exchange: 09 November 2021Dalian Commodity Exchange: 09 November 2021 |
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The front-month contract for PVC settled up for the third session in a row, reinforcing market confidence in proceeding with new purchases. At the moment, PVC futures are traded well below the spot market, which means the contract might continue to firm up in the near term.
Meanwhile, PP and LLDPE futures par gains to settle in the red, underlining the market struggle in reviving demand for these grades.
The session ended as follows:
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Dalian Commodity Exchange (2201 Contract): 09 November 2021 |
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Product |
PP |
LLDPE |
PVC |
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Close Price (CNY/ton) |
8,587 |
8,865 |
8,654 |
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Close Price (USD/ton) |
$1187 |
$1226 |
$1197 |
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Changes (CNY/ton) |
-CNY 28 |
-CNY 68 |
+CNY 239 |
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Changes (USD/ton) |
-USD 4 |
-USD 11 |
+USD 37 |
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Volume |
293,749 |
264,707 |
299,204 |
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Exchange Rate: USD1=CNY6.40 |
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**Note: All USD equivalent prices only exclude the 13% value-added tax (VAT). They have not taken into account other costs that might incur in the selling process, i.e. import duty, customs clearances.
Country
China
